The permius for term life insurance are less than cash value insurance premiums.?

Term life insurance premiums are generally lower than cash value insurance premiums because term life provides coverage for a specific period without accumulating cash value. In contrast, cash value insurance, such as whole life or universal life, combines a death benefit with a savings component that grows over time, resulting in higher premiums. The lower cost of term insurance makes it an attractive option for those seeking affordable coverage without the investment component.